Concho Resources Financials

Concho Resources Stock Summary

Concho Resources competes with Western Copper, Teradyne, ZK International, IPG Photonics, and GMS. As of January 15, 2021, Concho Resources Inc. was acquired by ConocoPhillips. The company was founded in 2006 and is headquartered in Midland, Texas. Concho Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1453 people.

Concho Resources Key Financial Ratios

Generally speaking, Concho Resources' financial ratios allow both analysts and investors to convert raw data from Concho Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Concho Resources over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Concho Resources reports annually and quarterly.

Concho Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Concho Resources's current stock value. Our valuation model uses many indicators to compare Concho Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Concho Resources competition to find correlations between indicators driving Concho Resources's intrinsic value. More Info.Concho Resources is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Concho Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Concho Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Concho Resources' earnings, one of the primary drivers of an investment's value.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

If you are still planning to invest in Concho Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Concho Resources' history and understand the potential risks before investing.